Buy Gold, Sell Stocks Is the 'Trade of Century' -Bloomberg "One of last year’s best-performing hedge funds says the 'trade of the century' is to buy gold and sell stocks as risk assets are due for another meltdown. It’s only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC...The investment company says it’s ready to capitalize on an end of the economic cycle as indicators warn that a recession is imminent in the coming quarters.

A growing list of companies from FedEx to BMW are warning about the world economy -CNBC "With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, a group of business leaders say it’s harder than ever to rake in profits. This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. Fitch Ratings also 'aggressively' cut its forecast for the year.

A Recipe for Massive Government Spending -Rickards/Daily Reckoning "Leading Democratic presidential hopefuls Elizabeth Warren, Kamala Harris and Bernie Sanders have expressed desires to increase income taxes to 70% or even 90% on the rich, impose 'wealth taxes' on their net worth and impose estate taxes that are equally onerous when they die....

Google Fined $1.7 Billion in EU for Restricting Rivals’ Ads -Wall Street Journal "Alphabet’s Google was fined $1.7 billion by the European Union for limiting how some websites could display ads sold by its rivals, the tech giant’s third antitrust penalty from the bloc since 2017.

Gold prices edge up on tepid dollar -Reuters "Gold prices rose for a third consecutive session on Tuesday as the dollar weakened on expectations that the U.S. Federal Reserve will maintain a dovish tone at its monetary policy meeting this week.